BMO Capital Believes Mid-America Apartment (MAA) Still Has Room to Grow


BMO Capital analyst John Kim maintained a Buy rating on Mid-America Apartment (MAA) today and set a price target of $120. The company’s shares opened today at $109.33, close to its 52-week high of $109.72.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.3% and a 60.6% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.

Currently, the analyst consensus on Mid-America Apartment is a Strong Buy with an average price target of $112.60, a 3.0% upside from current levels. In a report issued on March 19, KeyBanc also maintained a Buy rating on the stock with a $112 price target.

See today’s analyst top recommended stocks >>

Based on Mid-America Apartment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $61.2 million. In comparison, last year the company had a net profit of $123 million.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mid-America Apartment Communities, Inc. is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. It operates through the Same Store Communities, and Non-Same Store and Other segments.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts